Bill
HB 4115
Occupations: pawnbrokers; civil sanctions for violation of allowable rate of interest charged by pawnbrokers; prescribe. Amends title & sec. 18 of 1917 PA 273 (MCL 446.218). TIE BAR WITH: HB 4116'25
2025-2026 Regular Session
Introduced by Joe Aragona and 9 co-sponsors
HB 4115 hikes pawnbroker penalties and adds a civil up to $5,000 for charging interest above the cap, boosting enforcement by prosecutors and the AG.
REFERRED TO COMMITTEE ON FINANCE, INSURANCE, AND CONSUMER PROTECTION